On August 6, Direxion broadened its leveraged single-stock ETF lineup with the launch of the Direxion Daily SpaceX Bear 2X ETF (LOFD). Key TakeawaysDirexion launched the Direxion Daily SpaceX Bear 2X ETF (LOFD). Events like these can trigger sharp single-day moves in either direction, potentially creating the high-volatility that the Direxion Daily SpaceX Bull 2X ETF (LOFF) and LOFD are built to capture. For Tesla (TSLA), bullish investors can look to the Direxion Daily TSLA Bull 2X ETF (TSLL). Meanwhile, the Direxion Daily TSLA Bear 1X ETF (TSLS) provides an inverse vehicle to profit from downward price action.